7. You can request retroactive benefits in a lump sum If you opt to delay benefits past FRA but then decide you need your Social Security income as quickly as possible, you're allowed to request a lump sum payment from the SSA in the form of retroactive benefits -- six months' worth, to be precise. Say you've delayed your filing and now, at age 68, you decide you want to not only start collecting a monthly benefit, but collect six months' worth. At that point, the SSA is required to pay you that lump sum. Keep in mind, though, that if you request retroactive benefits, your monthly payment from that point on will be calculated based on the adjusted date of your claim. In our example, if you've just turned 68 additional resources and are entitled to a 16% boost in benefits for delaying for two years beyond an FRA of 66, requesting a six-month retroactive payout means you'll only end up with a 12% boost to your benefits. Social Security is loaded with rules that may surprise you. Read up on as many of them as possible so you're able to not only plan well for retirement, but manage well financially once that milestone arrives. The $16,728 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more...



As for the construction process itself, which started in March 2020, safety was of the utmost importance. “Personal protective equipment was used throughout the project, and everybody was maintaining social distancing, wearing masks, [and] sterilizing,” she assures me. For Kavovit, this project was about more than just winning a bid or crafting a well-made space. “It was a very emotional feeling for me because I look at myself as being a very brave woman who’s had to stand up to an onslaught of different situations over the past 25 years,” she says. “I felt like I had a similar trajectory to the women that stood up in the courtroom, so it was important for me to represent all women within the #MeToo movement.” Working in a male-dominated field, Kavovit “knows what it means not to be taken seriously,” and she’s passionate about helping other women navigate the construction industry. That passion was clearly reflected on the Weinstein project, where the “star project manager is a woman [and] probably 25 women at any given time were doing electrical work, demolition, and sprinkler work.” She took videos on-site, she explains, “because it’s so important to show women that they can break through the glass ceiling and this old boys’ network. We just have to keep chipping away.” Evergreen Construction completed the renovation of 99 Hudson this month, and the office is now up for lease by its owner, Olshan Properties . The question remains whether prospective tenants will be able to overlook an office space famously associated with sexual misconduct, but Kavovit isn’t concerned. “Knowing that there was so much determination and resilience and grit that went into this beautiful space…it was about so much more than just taking a sledgehammer [to it],” she says.